M-Audio Acquires Evolution Electronics

M-Audio has acquired Evolution Electronics Ltd., a UK-basedmanufacturer of USB MIDI keyboards and controllers; the acquisitionincludes all Evolution products, software and intellectual propertyrights, along with all other assets and liabilities of the company inexchange for an undisclosed sum.

According to Tim Ryan, CEO of M-Audio, “We are very excitedabout bringing M-Audio and Evolution capabilities together. It is clearto us that this joining of forces will make a sum greater than theparts.”

“We’re honored to join the M-Audio family,” saidEvolution founder Richard Watts, “and are looking forward toextending our reach and vision to a new level.” Watts, who builtthe company during the past 20 years, will continue to be involvedwithin the enlarged group. Niels Larsen is now acting as generalmanager of Evolution.